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Tex. Special District Local Laws Code § 1057.206

INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS

Texas · Texas Special District Local Laws Code · Status: effective

Banking, Finance & Insurance
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Tex. Special District Local Laws Code § 1057.206, INVESTMENT OF GENERAL OBLIGATION BOND PROCEEDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/588127
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Until the proceeds from the sale of general obligation bonds are needed to carry out the bond purpose, the proceeds may be: (1) invested in direct obligations of the United States; or (2) placed on time deposit.